I=PRT
P=principal
I=interest
R=rate
T=time in years
Principal=5000
Interest=1575
R=?
T=3 years
I=PRT
1575=(5000)(R)(3)
1575=15000(R)
divide both sides by 15000
0.105=R
we need to covert to percent
x%=x/100
0.105/1 times 100/100=10.5/100=10.5%
answer is C
